ltred12
Norwegian Economist Ragnar Frisch coined the term in 1933.
New classical macroeconomics
Development of macroeconomics
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jstack
Replied to: Norwegian Economist Ragnar Frisch coined the term in 1933.
The quantity theory of macroeconomy was the favored one among classical economists until the 20th century.
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bravotren
Replied to: The quantity theory of macroeconomy was the favored one among classical...
This theory assumed that the need for money was static and uninfluenced by such factors as interest rates.